\begin{tabular}{l@{\hskip 0.5in}cc@{\hskip 0.5in}l}
\hline \hline 
\multicolumn{4}{l}{ \textbf{Panel A: Matched Moments} } \\ 
Target Moment & Data & &  Model \\ 
\hline 
 $ \sigma  (  y_t^{(1)}  ) $ & $1.993$ & & $1.978$  \\ 
 $ \sigma  (  \tilde{y}_t^{(1)} - y_t^{(1)}  ) $ & $0.542$ & & $0.549$  \\ 
 $ \sigma  (  \pi_t  ) $ & $0.973$ & & $0.882$  \\ 
 $ \sigma  (  x_t  ) $ & $1.992$ & & $1.996$  \\ 
 $ \sigma  (  \Delta  y_t^{(1)}  ) $ & $1.423$ & & $1.376$  \\ 
 $ \sigma  (  \Delta  ( \tilde{y}_t^{(1)} - y_t^{(1)} )  ) $ & $0.615$ & & $0.617$  \\ 
 $ \sigma  (  \Delta  \pi_t  ) $ & $0.900$ & & $0.935$  \\ 
 $ \sigma  (  \Delta  x_t  ) $ & $2.190$ & & $2.137$  \\ 
 $ \sigma  (  \Delta_s  y_t^{(1)}  ) $ & $0.272$ & & $0.399$  \\ 
 $ \sigma  (  \Delta_s  ( \tilde{y}_t^{(1)} - y_t^{(1)} )  ) $ & $0.258$ & & $0.218$  \\ 
 $ \sigma  (  \Delta_s  \pi_t  ) $ & $0.232$ & & $0.362$  \\ 
 $ \sigma  (  \Delta_s  x_t  ) $ & $0.499$ & & $0.745$  \\ 
 $ \rho  (  \tilde{y}_t^{(1)} - y_t^{(1)}  ,  x_t  ) $ & $-0.171$ & & $-0.158$  \\ 
 $ \rho  (  y_t^{(1)}  ,  \pi_t  ) $ & $0.549$ & & $0.615$  \\ 
 $ \rho  (  \pi_t  ,  x_t  ) $ & $0.268$ & & $0.271$  \\ 
\hline 
\multicolumn{4}{l}{ \textbf{Panel B: Calibrated Parameters} } \\ 
Parameter & Value & (Crisis) & Description \\ 
\hline 
 $ \sigma_i $ & $2.567$ & & Monetary Policy Vol.  \\ 
 $ \kappa_i $ & $1.082$ & & Monetary Policy Inertia  \\ 
 $ \sigma_d $ & $1.116$ & & Risky Payoff Vol.  \\ 
 $ \kappa_d $ & $0.879$ & & Risky Payoff Inertia  \\ 
 $ \sigma_{z,\pi} $ & $2.039$ & & Cost-Push Shock Vol.  \\ 
 $ \kappa_{z,\pi} $ & $0.801$ & & Cost-Push Shock Inertia  \\ 
 $ \sigma_{z,x} $ & $1.749$ & & Agg.\ Demand Shock Vol.  \\ 
 $ \kappa_{z,x} $ & $0.253$ & & Agg.\ Demand Shock Inertia  \\ 
 $ \phi_\pi $ & $3.096$ & & Inflation Taylor Coeff.  \\ 
 $ \psi_x $ & $0.393$ & & Risky Payoff Output Coeff.  \\ 
 $ \delta $ & $0.705$ & & Nominal Rigidity  \\ 
 $ \rho $ & $0.04$ & & Discount Factor  \\ 
 $ \varsigma^{-1} $ & $1.00$ & & Intertemporal Elasticity  \\ 
 $ \kappa_\beta $ & $1.367$ & & Habitat Demand Inertia  \\ 
 $ a \cdot \alpha_0 $ & $0.008$ & $(0.018)$ & Habitat Elasticity Size  \\ 
 $ a \cdot \sigma_\beta \cdot \theta_0 $ & $2.509$ & $(5.123)$ & Habitat Demand Size  \\ 
 $ a \cdot \phi_{i,\beta} $ & $0.491$ & $(4.620)$ & Habitat Demand Short Rate Response  \\ 
 $ \theta_1^s $ & $0.50$ & & Short Treasury Factor Maturity Wgt.  \\ 
 $ \theta_1^\ell $ & $0.20$ & & Long Treasury Factor Maturity Wgt.  \\ 
 $ \tilde{\theta}_1 $ & $0.50$ & & Risky Factor Maturity Wgt.  \\ 
 $ \alpha_1 $ & $0.10$ & & Habitat Elasticity Maturity Wgt.  \\ 
\hline 
\multicolumn{4}{l}{ \textbf{Panel C: QE/QT Parameters} } \\ 
 $ \theta_1^{QE} $ & $0.35$ & & QE1 Maturity Wgt.  \\ 
 $ \kappa_{QE} $ & $0.20$ & & QE1 Inertia  \\ 
 $ \theta_1^{QT} $ & $0.50$ & & QT Maturity Wgt.  \\ 
 $ \kappa_{QT,A} $ & $0.20$ & & QT Inertia, Active Comp.  \\ 
 $ \kappa_{QT,P} $ & $2.25$ & & QT Inertia, Passive Comp.  \\ 
 $ \gamma_{QT,A,P} $ & $1.75$ & & QT Passive Comp.\ Response  \\ 
\hline \hline 
\end{tabular}